For immediate release
The Federal Reserve Board today announced two new Internet resources for Spanish-speaking consumers.
Consejos para arrendar un vehículo: Guía del consumidor (Keys to Vehicle Leasing: A Consumer Guide) at www.federalreserve.gov/pubs/leasing/guide_spanish.htm provides an overview of the most common type of vehicle lease used by the automotive industry, a closed-end lease. It provides four key messages for consumers:
A sample consumer leasing form (muestra del formulario de arrendamiento para el consumidor) is included so consumers can become more familiar with the document they will receive when leasing a vehicle. An English-language version of the same material is available at www.federalreserve.gov/pubs/leasing/guide.htm.
Buscando la hipoteca más favorable: Compare, Verifique, Negocie (Looking for the Best Mortgage: Shop, Compare, Negotiate) is available at www.federalreserve.gov/pubs/mortgage/mortb_1_spanish.htm. The site describes how comparing and negotiating interest rates, fees and other payment terms may help consumers get the best financing and possibly save thousands of dollars, whether it's a home purchase, a refinancing, or a home equity loan. The site outlines key steps to take in the mortgage shopping process:
A mortgage-shopping worksheet (Hoja de cálculo para préstamos hipotecarios) helps consumers compare different loans and different lenders to obtain the best deal. An English-language version of the material is available at www.federalreserve.gov/pubs/mortgage/mortb_1.htm.
Printed copies of both the Spanish and English versions of Consejos para arrendar un vehículo: Guía del consumidor (Keys to Vehicle Leasing: A Consumer Guide) and Buscando la hipoteca más favorable: Compare, Verifique, Negocie (Looking for the Best Mortgage: Shop, Compare, Negotiate) are available by contacting the Federal Reserve Board's Publications Services, Mail Stop 127, Washington, DC 20551 (202-452-3245). The first 100 copies are free.
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